HomeMy WebLinkAbout2008-874-10/6/2008 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa .
RESOLUTION NO. 2008_874
RESOLUTION APPROVING APPLICATION WITH IOWA
HEARTLAND HABITAT FOR HUMANITY FOR TAX
EXEMPTIONS ON IMPROVEMENTS TOTALING
$70, 000 . 00 FOR PROPERTY LOCATED AT 1927
FRANKLIN STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA PLAN, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Iowa Heartland Habitat for Humanity
an application dated September 26, 2008 to the Cit as submitted
the City of Waterloo, Iowa, requesting to receive tax exemptions
uncil of
on improvements totaling $70, 000 . 00 for property located at 1927
Franklin Street, more fully described as follows :
Cowins Second Addition West 45 feet Lot 21 Block 3
except South 3 feet, all in the City of Waterloo,
Hawk County, Iowa; Black
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area in Waterloo, Iowa, as
previously established by the City Council of the City of
Waterloo, Iowa,
and,
WHEREAS, the improvement project respecting said property is
in conformance with the Consolidated Urban Revitalization Plan as
Officially adopted by the City Council for the City of Waterloo,
Iowa, and
WHEREAS, the improvements on said property were made during
the time in which such improvements are eligible for the tax
exemption as set forth in the Consolidated Urban Revitalization
Plan as adopted by the City Council of the City of Waterloo,
Iowa, and as set forth in the Urban Revitalization Act as adopted
by the Legislature of the State of Iowa and signed by the
Governor of the State of Iowa, and
WHEREAS, said applicant is requesting the following
exemption schedule :
For the first year 80%
For the second year %
For the third year 60%
For the fourth year
For the fifth year 50%
e 400
For the sixth
For the seventh year 40%
300
For the eighth year
30%
For the ninth year
2
For the tenth year 20%
20%
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, that said application is hereby approved
and the City Clerk is hereby authorized and directed to forward
said application and a copy of this resolution to the Assessor by
February 1, 2009.
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ion No. 2008-874
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PASSED AND ADOPTED this 6th day of October, 2008 .
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